Adding to shorts

Adding more bearish January options strategies here at spooz trading between 1092 and 1095. Many indexes and sectors didn't confirm today's high on S&P and NASDAQ. Denleo

Indeed. I am pretty sure Fed will be screwing the bears a bit further though, I am looking for 1120-1130 in the next few days for the final highs...

Indeed. I am pretty sure Fed will be screwing the bears a bit further though, I am looking for 1120-1130 in the next few days for the final highs...

They certainly can do whatever they want. Regarding the economy, what I see is bad banks and high oil prices. What a combination!

Denleo

Indeed. I am pretty sure Fed will be screwing the bears a bit further though, I am looking for 1120-1130 in the next few days for the final highs...

They certainly can do whatever they want. Regarding the economy, what I see is bad banks and high oil prices. What a combination!

Denleo

The FEDs are on a roll, and it isnt just in the US. Take the UK...bonds, commodites, and equities all going up together! Throw away correlation diversification.

Need a catalysts however IMO.

wow...dollar < $75. It is weird that the mkt is only up small with this happening.

Edited by tommyt, 21 October 2009 - 12:49 PM.

Denleo, thanks for your update. It helps to know we're on the same page. I find it truly odd that after almost 3 decades of trading I still get edgy and uncomfortable at these turning points (make that "potential" turning points). Wish I was at work today and distracted so I can let my bids get hit, but Wednesday is "doctor's day off", so I have to distract myself by pacing, reading, and raking leaves.... "The downside is coming, just be patient" (that's a direct quote from the little voice in my head) mm

mkt having trouble hanging on to any gains with dollar tanking...feels like today possible...still 100% short with ES 1110 stop.

Denleo, thanks for your update. It helps to know we're on the same page. I find it truly odd that after almost 3 decades of trading I still get edgy and uncomfortable at these turning points (make that "potential" turning points). Wish I was at work today and distracted so I can let my bids get hit, but Wednesday is "doctor's day off", so I have to distract myself by pacing, reading, and raking leaves....

"The downside is coming, just be patient" (that's a direct quote from the little voice in my head)

mm

Thanks MM,

I also feel that the downside is coming soon. But by the downside I mean a good correction, NOT a collpse or resumption of a bear market.

Denleo

Denleo, any thoughts on what level of correction on SPX you are expecting? thx

Denleo, thanks for your update. It helps to know we're on the same page. I find it truly odd that after almost 3 decades of trading I still get edgy and uncomfortable at these turning points (make that "potential" turning points). Wish I was at work today and distracted so I can let my bids get hit, but Wednesday is "doctor's day off", so I have to distract myself by pacing, reading, and raking leaves....

"The downside is coming, just be patient" (that's a direct quote from the little voice in my head)

mm

Thanks MM,

I also feel that the downside is coming soon. But by the downside I mean a good correction, NOT a collpse or resumption of a bear market.



Denleo

agreed...just a correction....

mm

Edited by maineman, 21 October 2009 - 02:44 PM.